This session drew on themes of the conference and discuss with asset owners what the portfolios of the future will look like, particularly examining how investors plan to build robust portfolios to meet changing investment regimes.[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Dan%20Bienvenue%22%2C%22job_role%22%3A%22interim%20chief%20investment%20officer%2C%20CalPERS%20(United%20States)%20%22%2C%22content%22%3A%22Dan%20Bienvenue%20assumed%20the%20role%20of%20interim%20chief%20investment%20officer%20in%20August%202020.%5CnHe%20oversees%20an%20investment%20office%20of%20nearly%20400%20employees%20and%20manages%20investment%20portfolios%20of%20roughly%20%24400%20billion%2C%20including%20the%20Public%20Employees%E2%80%99%20Retirement%20Fund%20and%20affiliate%20funds.%5CnAs%20deputy%20chief%20investment%20officer%2C%20Dan%20oversees%20total%20fund%20investment%20and%20operational%20strategies%20and%20collaborates%20with%20the%20managing%20investment%20directors%20and%20their%20teams%20to%20implement%20asset%20allocation%20and%20investment%20strategies.%20He%20also%20oversees%20the%20investment%20office%E2%80%99s%20business%20management%20needs%2C%20including%20strategic%20planning%2C%20financial%20reporting%2C%20expense%20management%2C%20and%20talent%20management.%5Cn%5CnHe%20joined%20CalPERS%20in%20September%202004.%20During%20his%20tenure%20he%20has%20held%20several%20leadership%20roles%20with%20the%20investment%20office%2C%20including%20concurrent%20roles%20as%20the%20interim%20chief%20operating%20investment%20officer%20and%20managing%20investment%20director%20of%20global%20equity.%20He%20served%20as%20the%20managing%20investment%20director%20overseeing%20global%20equity%20from%202014-20%2C%20and%20as%20senior%20portfolio%20manager%20in%20internal%20equity.%5Cn%5CnPrior%20to%20CalPERS%2C%20Bienvenue%20was%20a%20principal%20and%20senior%20portfolio%20manager%20with%20Barclays%20Global%20Investors%20(BGI)%2C%20leading%20an%20international%20equity%20portfolio%20management%20team%20responsible%20for%20%2455%20billion%20across%20developed%20and%20emerging%20markets.%20Before%20BGI%2C%20his%20work%20experience%20includes%20sales%20and%20trading%20in%20the%20analyst%20program%20with%20J.P.%20Morgan%20Securities%20in%20New%20York.%5CnHe%20graduated%20Phi%20Beta%20Kappa%20with%20a%20bachelor%E2%80%99s%20degree%20in%20economics%2C%20cum%20laude%2C%20from%20the%20University%20of%20California%2C%20Davis%2C%20where%20he%20was%20an%20Academic%20All-American%20in%20wrestling.%20He%20also%20holds%20both%20the%20CFA%20and%20CAIA%20charters.%22%2C%22image%22%3A%2247093%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fdan-bienvenue-7031a15%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Amanda%20White%22%2C%22job_role%22%3A%22Director%20of%20institutional%20content%2C%20Conexus%20Financial%20%20(Australia)%22%2C%22content%22%3A%22White%20is%20responsible%20for%20the%20content%20across%20all%20Conexus%20Financial%E2%80%99s%20institutional%20media%20and%20events.%20She%20is%20responsible%20for%20directing%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20which%20challenges%20global%20investors%20on%20investment%20best%20practice%20and%20aims%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%2C%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20She%20is%20the%20editor%20of%20www.top1000funds.com%2C%20the%20online%20news%20and%20analysis%20site%20for%20the%20world%E2%80%99s%20largest%20institutional%20investors.%20White%20has%20been%20an%20investment%20journalist%20for%20more%20than%2020%20years%20and%20has%20edited%20industry%20journals%20including%20Investment%20%26%20Technology%2C%20Investor%20Weekly%20and%20MasterFunds%20Quarterly.%20She%20was%20previously%20editorial%20director%20of%20InvestorInfo%20and%20has%20worked%20as%20a%20freelance%20journalist%20for%20the%20Australian%20Financial%20Review%2C%20CFO%2C%20Asset%20and%20Asia%20Asset%20Management.%20She%20has%20a%20Bachelor%20of%20Economics%20from%20Sydney%20University%20and%20a%20Master%20of%20Arts%20in%20Journalism%20from%20the%20University%20of%20Technology%2C%20Sydney.%20She%20was%20previously%20a%20columnist%20for%20the%20Canadian%20publication%2C%20Corporate%20Knights%2C%20which%20is%20distributed%20by%20the%20Globe%20and%20Mail%20and%20The%20Washington%20Post.%20White%20is%20currently%20a%20fellow%20in%20the%20Finance%20Leaders%20Fellowship%20at%20the%20Aspen%20Institute.%20The%20two-year%20program%20consists%20of%2022%20fellows%20and%20seeks%20to%20develop%20the%20next%20generation%20of%20responsible%2C%20community-spirited%20leaders%20in%20the%20global%20finance%20industry.%22%2C%22image%22%3A%2245819%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Famanda-white-101a7515%2F%3ForiginalSubdomain%3Dau%22%7D%5D” title=”Moderator” el_class=””][vc_empty_space height=”10px”]
The world has two decades to find the solutions to keep warming to below two degrees, otherwise we are likely to cross two degrees and need to plan for risk associated with two point five or three degrees.
He said the number of corporate commitments to tackle climate change will increase in line with customer demand for more action.
On one hand innovation will comprise “sustained innovation” of existing technology. In contrast, “disruptive innovation” comprises new technology that is initially expensive but then becomes cheaper.
Innovation also depends on companies being able to tap the infrastructure and supply chains they need to thrive.
In early-stage investment, the focus is on feasibility and the extent to which a new product is cost effective or competitive. In the next stage access to a supply chain and infrastructure becomes a priority.
Investment in pioneering sectors involved working with teams that understand the technology, regulatory barriers and supply chain risk as well as an understanding of the policy needed to create these markets.
California Treasurer Bill Lockyer (pictured) sent his deputy Steve Coony to a recent CalPERS board meeting to tell the pension fund they needed to do more to invest in their own backyard. Coony shares his views with conexust1f.flywheelstaging.com on how public pension funds can play a greater role in boosting California’s ailing economy. mrec4inarticleinline Sponsored
Investors are looking to continue to scale-back their exposure to US equities, increase their allocation to fixed-interest assets and strongly focus on the liability side of their balance sheets, a recent survey of funds in the US and Europe found.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Chairman of the Federal Reserve, Ben Bernanke’s speech at the International Monetary Conference this week reveals the delicate balance between the (stagnant) state of the US economy and the enormous growth of the emerging market economies.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Performance-based fee compensation relies on performance fee models that require that specific parameters be clearly stipulated in the investment management agreeement. This case study is one example of the misinterpretation that can occur when the fee model’s parameters are not specifically defined. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Investing in commodities via passive strategies presents some unique challenges due in part to the structure of futures contracts. GE Asset Management which has been managing commodities for the GE pension fund for five years, and opened that expertise to external clients last year, believes a better approach is active management using fundamentals. mrec4inarticleinline Sponsored
The newly appointed senior investment officer of the alternative investments management program at CalPERS, Real Desrochers, will have authority and management delegation reinstated after it was withdrawn when the former SIO resigned amid a fraud lawsuit.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Leave a Comment
You must be logged in to post a comment.
Login